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HF 1221

1st Engrossment - 88th Legislature (2013 - 2014) Posted on 05/21/2013 02:47pm

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - 1st Engrossment

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A bill for an act
relating to commerce; making various technical and housekeeping changes
related to staff adjusters, canceled licenses, and transfer fees; providing producer
training requirements for flood insurance products; regulating the Commerce
Fraud Bureau; requiring property and casualty actuarial opinions of reserves and
supporting documentation; regulating the agricultural cooperative health plan for
farmers; regulating real property appraisals; providing application, education,
and training requirements; regulating certain Public Utilities Commission
requests relating to service of notices, orders, and other documents; eliminating
the membership camping license requirement; repealing an obsolete collection
agency rule; correcting cross-references; making adjustments to various dollar
amounts as required by state law; providing for a method to periodically update
Minnesota Statutes to reflect the current dollar amounts as adjusted; amending
Minnesota Statutes 2012, sections 13.712, by adding a subdivision; 45.0135;
45.027, subdivision 2; 45.307; 45.43; 47.59, subdivisions 3, 6; 56.12; 56.125,
subdivision 2; 56.131, subdivisions 2, 6; 60A.62, subdivision 1; 72B.10; 82.62,
subdivision 7; 82.63, subdivision 8; 82A.06, subdivision 2; 82A.13, subdivision
1; 82A.18, subdivision 2; 82B.08, by adding a subdivision; 82B.094; 82B.095,
subdivision 2; 82B.10, subdivision 1; 82B.13, subdivisions 1, 4, 5, 8, by adding
a subdivision; 82C.16, subdivision 1; 216.17, subdivisions 2, 4; 216B.18;
299C.40, subdivision 1; 325G.22, subdivision 1; 510.02, subdivision 1; 550.37,
subdivisions 4, 4a, 6, 10, 12a, 23, 24; Laws 2007, chapter 147, article 12, section
14, as amended; proposing coding for new law in Minnesota Statutes, chapters
60A; 60K; repealing Minnesota Statutes 2012, sections 82A.16; 82A.17;
82B.095, subdivision 1; 115C.09, subdivision 3k; Laws 2000, chapter 488,
article 3, section 37; Minnesota Rules, part 2870.1500.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

ARTICLE 1

MISCELLANEOUS TECHNICAL CHANGES

Section 1.

new text begin [60K.366] PRODUCER TRAINING REQUIREMENTS FOR FLOOD
INSURANCE PRODUCTS.
new text end

new text begin An individual may not sell, solicit, or negotiate flood insurance through the National
Flood Insurance Program (NFIP) unless the individual is licensed as an insurance producer
for one or more lines of authority under section 60K.38, subdivision 1, paragraph (b),
clauses (3), (4), and (6), and has in addition to the training otherwise required by this
chapter, satisfied the minimum training and education requirements established by the
Federal Emergency Management Agency (FEMA) for all insurance producers who sell
insurance through the NFIP and published at 70 Federal Register 52, 117.
new text end

new text begin Upon request of the commissioner, an issuer must demonstrate to the commissioner
that its appointed producers who sell flood insurance through the NFIP have complied
with the minimum training and education requirements established by FEMA.
new text end

Sec. 2.

Minnesota Statutes 2012, section 72B.10, is amended to read:


72B.10 STAFF ADJUSTERS.

A staff adjuster who adjusts losses or claims in this state shall not be subject to
the application, licensing, or examination requirements or other qualifications set forth
in sections 72B.01 to 72B.14. Such a staff adjuster shall not, however, engage in any
of the practices forbidden to a licensee under section 72B.08, subdivision 1, deleted text beginclause
deleted text endnew text begin clausesnew text end (3)deleted text begin, (4), (5), (6), (7), or (8)deleted text endnew text begin through (15)new text end. If the commissioner has information,
which if true, would establish that a staff adjuster has engaged or is engaging in any such
prohibited practices, the commissioner may issue an order for a hearing to determine the
facts involved. The order shall fix the time and place for hearing. The staff adjuster
and one or more representatives of the insurer or insurers employing the staff adjuster
shall make an appearance at the hearing unless the commissioner expressly waives the
appearance of one or more such parties. If, following the hearing, the commissioner
determines that the staff adjuster has engaged or is engaging in any prohibited practices,
the commissioner may impose a fine, not in excess of $500, on the staff adjuster or on the
employing insurer or insurers, or on both such parties. In addition, the commissioner may
order the employing insurer to suspend the staff adjuster from all duties for such period as
the commissioner may deem appropriate.

Any final order of the commissioner shall be subject to judicial review. Any hearing
or judicial review under this section shall be in accordance with the contested case
provisions of chapter 14.

Sec. 3.

Minnesota Statutes 2012, section 82.62, subdivision 7, is amended to read:


Subd. 7.

deleted text beginCancellationdeleted text endnew text begin Reinstatementnew text end ofnew text begin cancelednew text end salesperson's or broker's
license.

A salesperson's or broker's license that has been canceled for failure of a licensee
to complete postlicensing education requirements deleted text beginmust be returned to the commissioner
by the licensee's broker within ten days of receipt of notice of cancellation. The license
deleted text end shall be reinstated without reexamination by completing the required instruction, filing
an application, and paying the fee for a salesperson's or broker's license within two years
of the cancellation date.

Sec. 4.

Minnesota Statutes 2012, section 82.63, subdivision 8, is amended to read:


Subd. 8.

Procedure.

An application for automatic transfer shall be made only on
the form prescribed by the commissioner. The transfer is ineffective if the form is not
completed in its entirety.

The form shall be accompanied by a deleted text begin$10deleted text endnew text begin $20new text end transfer fee, and the license renewal
fee, if applicable. Cash will not be accepted.

The signature of the broker from whom the salesperson is transferring must predate
the signature of the broker to whom the salesperson is transferring. The salesperson is
unlicensed for the period of time between the times and dates of both signatures. The
broker from whom the salesperson is transferring shall sign and date the transfer application
upon the request of the salesperson and shall destroy the salesperson's license immediately.

Sec. 5.

Minnesota Statutes 2012, section 82A.06, subdivision 2, is amended to read:


Subd. 2.

Partial transactional exemptions.

The following transactions are exempt
from the provisions of sections 82A.03; 82A.04; 82A.05; 82A.07; 82A.08; 82A.11,
subdivisions 2 and 4;new text begin andnew text end 82A.14deleted text begin; 82A.16; and 82A.17deleted text end: any sale which is made to a
person who is not then physically present in this state, and any offer which invites an
offeree to attend a sales presentation in another state if:

(1) the offeror has given at least ten days prior written notice to the commissioner
of its intention to offer or sell membership camping contracts to residents of this state
pursuant to this exemption and paid a fee of $50;

(2) the offeror has demonstrated that the sales presentation will be made, and the
sale will be consummated, in a state which specifically regulates the offer and sale of
membership camping contracts;

(3) the offeror has demonstrated that it will deliver a disclosure statement to offerees
who are residents of this state which contains substantially the same or greater disclosure
as is required by section 82A.05; and

(4) the offeror has filed a consent to service of process pursuant to section 82A.22.

Sec. 6.

Minnesota Statutes 2012, section 82A.13, subdivision 1, is amended to read:


Subdivision 1.

Untrue statements filed in documents.

No person shall make
or cause to be made any untrue statement of a material fact in an application or other
document filed with the commissioner under this chapter, or omit to state in the application
or other document any material fact which is required to be stated therein, or fail to
notify the commissioner of any material change as required by deleted text beginsectionsdeleted text endnew text begin sectionnew text end 82A.07
deleted text beginand 82A.16, subdivision 3deleted text end.

Sec. 7.

Minnesota Statutes 2012, section 82A.18, subdivision 2, is amended to read:


Subd. 2.

Civil penalty.

Any person who materially or repeatedly violates section
82A.03, 82A.05, 82A.09, 82A.13, new text beginor new text end82A.14deleted text begin, or 82A.16deleted text end shall be subject to a fine of not
more than $1,000 for each violation provided, however, that the total recovery arising from
the same failure to comply, but involving different purchasers, shall be limited to $5,000. A
fine authorized by this subdivision may be imposed in a civil action brought by the attorney
general on behalf of the state of Minnesota, and shall be deposited into the state treasury.

Sec. 8.

Minnesota Statutes 2012, section 82C.16, subdivision 1, is amended to read:


Subdivision 1.

Powers of commissioner.

(a) The commissioner may by order
take any or all of the following actions:

(1) bar a person from serving as an officer, director, partner, controlling person, or
any similar role at an appraisal management company, if such person has ever been the
subject of a final order suspending, revoking, or denying a certification, registration, or
license as a real estate agent, broker, or appraiser, or a final order barring involvement in
any industry or profession issued by this or another state or federal regulatory agency;

(2) deny, suspend, or revoke an appraisal management company license;

(3) censure an appraisal management company license; and

(4) impose a civil penalty as provided for in chapter 45.027.

(b) In order to take the action in paragraph (a), the commissioner must find:

(1) that the order is in the public interest; and

(2) that an officer, director, partner, employee, agent, controlling person or persons,
or any person occupying a similar status or performing similar functions, has:

(i) violated any provision of this chapter;

(ii) filed an application for a license that is incomplete in any material respect or
contains a statement that, in light of the circumstances under which it is made, is false or
misleading with respect to a material fact;

(iii) failed to maintain compliance with the affirmations made under section deleted text begin80C.03
deleted text endnew text begin 82C.03new text end, subdivision 5;

(iv) violated a standard of conduct or engaged in a fraudulent, coercive, deceptive,
or dishonest act or practice, whether or not the act or practice involves the appraisal
management company;

(v) engaged in an act or practice, whether or not the act or practice involves the
business of appraisal management, appraisal assignments, or real estate mortgage related
practices, that demonstrates untrustworthiness, financial irresponsibility, or incompetence;

(vi) pled guilty, with or without explicitly admitting guilt, pled nolo contendere,
or been convicted of a felony, gross misdemeanor, or a misdemeanor involving moral
turpitude;

(vii) paid a civil penalty or been the subject of disciplinary action by the
commissioner, or an order of suspension or revocation, cease and desist order, or
injunction order, or an order barring involvement in an industry or profession issued by
this or any other state or federal regulatory agency or government-sponsored enterprise,
or by the secretary of Housing and Urban Development;

(viii) been found by a court of competent jurisdiction to have engaged in conduct
evidencing gross negligence, fraud, misrepresentation, or deceit;

(ix) refused to cooperate with an investigation or examination by the commissioner;

(x) failed to pay any fee or assessment imposed by the commissioner; or

(xi) failed to comply with state and federal tax obligations.

Sec. 9.

Laws 2007, chapter 147, article 12, section 14, as amended by Laws 2010,
chapter 344, section 4, subdivision 1, and Laws 2010, chapter 384, section 99, is amended
to read:


Sec. 14. AGRICULTURAL COOPERATIVE HEALTH PLAN FOR
FARMERS.

Subdivision 1.

Pilot project requirements.

Notwithstanding contrary provisions of
Minnesota Statutes, chapter 62H, the following apply to a joint self-insurance pilot project
administered by a trust sponsored by one or more agricultural cooperatives organized
under Minnesota Statutes, chapter 308A or 308B, or under a federal charter for the
purpose of offering health coverage to members of the cooperatives and their families,
provided the project satisfies the other requirements of Minnesota Statutes, chapter 62H:

deleted text begin (1) Minnesota Statutes, section 62H.02, paragraph (b), does not apply;
deleted text end

deleted text begin (2) the notice period required under Minnesota Statutes, section 62H.02, paragraph
(e), is 90 days;
deleted text end

deleted text begin (3)deleted text endnew text begin (1)new text end a joint self-insurance plan may elect to treat the sale of a health plan to or
for an employer that has only one eligible employee who has not waived coverage as the
sale of an individual health plan as allowed under Minnesota Statutes, section 62L.02,
subdivision 26
;

new text begin (2) notwithstanding Minnesota Statutes, section 62H.05, the cooperative board of
trustees shall consist of a minimum of five and a maximum of nine trustees;
new text end

new text begin (3) notwithstanding any other provisions of state law, a trust created under Minnesota
Statutes, section 62H.05, may be identified as a "cooperative trust" if it is a part of an
agricultural cooperative health plan for farmers under this section;
new text end

new text begin (4) Minnesota Statutes, section 62H.11, does not apply, and notwithstanding
contrary provisions of Minnesota law, the agricultural cooperatives may undertake
activities directly and through agents, brokers, third-party administrators and other entities
to promote and market the health plan to members of the cooperatives prior to approval
of the joint self-insurance plan;
new text end

new text begin (5) the joint self-insurance plan is exempt from the requirement in Minnesota
Statutes, section 62H.01, to have 1,000 covered enrollees at initial enrollment when the
following conditions are met:
new text end

new text begin (i) the plan secures approval from the commissioner of commerce of marketing
materials, policy forms, and application forms prior to their use in securing preenrollment
commitments; and
new text end

new text begin (ii) the plan receives commitments in the form of executed letters of intent to
enroll from a minimum of 1,000 individuals within 12 months of approval of policy and
application forms by the commissioner of commerce;
new text end

new text begin (6) the plan must secure prior to initial enrollment aggregate stop-loss coverage and
individual stop-loss coverage provided by an insurance company licensed by the state of
Minnesota. The plan must submit the stop-loss insurance contract to the commissioner of
commerce at least 30 days prior to the proposed plan's effective date and at least 30 days
subsequent to any renewal date. Any excess or stop-loss insurance plan must contain a
provision that the excess or stop-loss insurer will give the plan and the commissioner of
commerce a minimum of 180 days notice of termination or nonrenewal. If the plan fails to
secure replacement coverage within 150 days after receipt of the notice of cancellation or
nonrenewal, the commissioner shall issue an order providing for the orderly termination of
the plan;
new text end

new text begin (7) the cooperative must establish a reserve fund, certified by an actuary to be
sufficient to cover unpaid claim liability for incurred but not reported liabilities in the
event of plan termination. Actuarial certification must include all maximum funding
requirements for plan fixed cost requirements and current claims liability requirements and
must include calculation for the reserve levels needed to fund all incurred but not reported
liabilities in the event of member or plan termination. All such reserve funds will be held
in protection of a cooperative trust, in accordance with the plan bylaws. An initial deposit
shall be made to the trust fund in an amount equal to the annual estimated reserve amount
for each of the members required for initial approval as provided by clause (5). In addition
to the initial deposit, monthly reserve funding will continue from a portion of billed rates
collected from participants which will be based on standard actuarial calculations. The
plan will provide scheduled financial reports to the commissioner of commerce for audit
of the financial health of the plan in meeting all plan liabilities;
new text end

deleted text begin (4)deleted text endnew text begin (8)new text end Minnesota Statutes, section 297I.05, subdivision 12, paragraph (c), applies;
and

deleted text begin (5)deleted text endnew text begin (9)new text end the trust must pay the assessment for the Minnesota Comprehensive Health
Association as provided under Minnesota Statutes, section 62E.11.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end

Sec. 10. new text begin REPEALER.
new text end

new text begin Subdivision 1. new text end

new text begin Membership camping licensing requirement for salespersons or
brokers.
new text end

new text begin Minnesota Statutes 2012, sections 82A.16; and 82A.17, new text end new text begin are repealed.
new text end

new text begin Subd. 2. new text end

new text begin Collection agency license renewal; obsolete rule. new text end

new text begin Minnesota Rules, part
2870.1500,
new text end new text begin is repealed.
new text end

ARTICLE 2

ADJUSTMENTS TO STATUTORY DOLLAR AMOUNTS

Section 1.

Minnesota Statutes 2012, section 47.59, subdivision 3, is amended to read:


Subd. 3.

Finance charge for loans.

(a) With respect to a loan, including a loan
pursuant to open-end credit but excluding open-end credit pursuant to a credit card, a
financial institution may contract for and receive a finance charge on the unpaid balance of
the principal amount not to exceed the greater of:

(1) an annual percentage rate not exceeding 21.75 percent; or

(2) the total of:

(i) 33 percent per year on that part of the unpaid balance of the principal amount
not exceeding deleted text begin$750deleted text endnew text begin $1,125new text end; and

(ii) 19 percent per year on that part of the unpaid balance of the principal amount
exceeding deleted text begin$750deleted text endnew text begin $1,125new text end.

With respect to open-end credit pursuant to a credit card, the financial institution
may contract for and receive a finance charge on the unpaid balance of the principal
amount at an annual percentage rate not exceeding 18 percent per year.

(b) On a loan where the finance charge is calculated according to the method
provided for in paragraph (a), clause (2), the finance charge must be contracted for and
earned as provided in that provision or at the single annual percentage rate computed to
the nearest one-tenth of one percent that would earn the same total finance charge at
maturity of the contract as would be earned by the application of the graduated rates
provided in paragraph (a), clause (2), when the debt is paid according to the agreed terms
and the calculations are made according to the actuarial method.

(c) With respect to a loan, the finance charge must be considered not to exceed
the maximum annual percentage rate permitted under this section if the finance charge
contracted for and received does not exceed the equivalent of the maximum annual
percentage rate calculated in accordance with Code of Federal Regulations, title 12, part
226, but using the definition of finance charge provided in this section.

(d) This subdivision does not limit or restrict the manner of calculating the finance
charge, whether by way of add-on, discount, discount points, precomputed charges, single
annual percentage rate, variable rate, interest in advance, compounding, average daily
balance method, or otherwise, if the annual percentage rate does not exceed that permitted
by this section. Discount points permitted by this paragraph and not collected but included
in the principal amount must not be included in the amount on which credit insurance
premiums are calculated and charged.

(e) With respect to a loan secured by real estate, if a finance charge is calculated or
collected in advance, or included in the principal amount of the loan, and the borrower
prepays the loan in full, the financial institution shall credit the borrower with a refund of
the charge to the extent that the annual percentage rate yield on the loan would exceed the
maximum rate permitted under paragraph (a), taking into account the prepayment. The
refund need not be made if it would be less than deleted text begin$5deleted text endnew text begin $7.50new text end.

(f) With respect to all other loans, if the finance charge is calculated or collected in
advance, or included in the principal amount of the loan, and the borrower prepays the
loan in full, the financial institution shall credit the borrower with a refund of the charge to
the extent the annual percentage rate yield on the loan would exceed the annual percentage
rate on the loan as originally determined under paragraph (a) and taking into account the
prepayment. The refund need not be made if it would be less than deleted text begin$5deleted text endnew text begin $7.50new text end.

(g) For the purpose of calculating the refund under this subdivision, the financial
institution may assume that the contract was paid before the date of prepayment according
to the schedule of payments under the loan and that all payments were paid on their due
dates.

(h) For loans repayable in substantially equal successive monthly installments, the
financial institution may calculate the refund under paragraph (f) as the portion of the
finance charge allocable on an actuarial basis to all wholly unexpired payment periods
following the date of prepayment, based on the annual percentage rate on the loan as
originally determined under paragraph (a), and for the purpose of calculating the refund
may assume that all payments are made on the due date.

(i) The dollar amounts in this subdivision deleted text beginanddeleted text endnew text begin,new text end subdivision 6, paragraph (a), clause
(4), new text beginand the dollar amount of original principal amount of closed-end credit in subdivision
6, paragraph (d),
new text endshall change periodically, as provided in this section, according to and to
the extent of changes in the implicit price deflator for the gross domestic product, deleted text begin1987
deleted text endnew text begin 2005new text end = 100, compiled by the United States Department of Commerce, and hereafter
referred to as the index. The index for December deleted text begin1991deleted text end new text begin2011 new text endis the reference base index for
adjustments of dollar amounts.

(j) The designated dollar amounts shall change on July 1 of each even-numbered
year if the percentage of change, calculated to the nearest whole percentage point,
between the index for December of the preceding year and the reference base index is
ten percent or more; but

(1) the portion of the percentage change in the index in excess of a multiple of ten
percent shall be disregarded and the dollar amounts shall change only in multiples of ten
percent of the amounts appearing in Laws 1995, chapter 202, on May 24, 1995; and

(2) the dollar amounts shall not change if the amounts required by this section
are those currently in effect pursuant to Laws 1995, chapter 202, as a result of earlier
application of this section.

(k) If the index is revised, the percentage of change pursuant to this section shall
be calculated on the basis of the revised index. If a revision of the index changes the
reference base index, a revised reference base index shall be determined by multiplying the
reference base index then applicable by the rebasing factor furnished by the Department
of Commerce. If the index is superseded, the index referred to in this section is the one
represented by the Department of Commerce as reflecting most accurately changes in the
purchasing power of the dollar for consumers.

(l) The commissioner shall deleted text beginannounce and publishdeleted text end:

(1) new text beginannounce and publish new text endon or before April 30 of each year in which dollar amounts
are to change, the changes in dollar amounts required by paragraph (j); deleted text beginand
deleted text end

(2) new text beginannounce and publish new text endpromptly after the changes occur, changes in the index
required by paragraph (k) including, if applicable, the numerical equivalent of the
reference base index under a revised reference base index and the designation or title
of any index superseding the indexdeleted text begin.deleted text endnew text begin; and
new text end

new text begin (3) promptly notify the revisor of statutes in writing of the changes announced and
published by the commissioner pursuant to clauses (1) and (2). The revisor shall publish
the changes in the next edition of Minnesota Statutes.
new text end

(m) A person does not violate this chapter with respect to a transaction otherwise
complying with this chapter if that person relies on dollar amounts either determined
according to paragraph (j), clause (2), or appearing in the last publication of the
commissioner announcing the then current dollar amounts.

(n) The adjustments provided in this section shall not be affected unless explicitly
provided otherwise by law.

Sec. 2.

Minnesota Statutes 2012, section 47.59, subdivision 6, is amended to read:


Subd. 6.

Additional charges.

(a) For purposes of this subdivision, "financial
institution" includes a person described in subdivision 4, paragraph (a). In addition to the
finance charges permitted by this section, a financial institution may contract for and
receive the following additional charges that may be included in the principal amount
of the loan or credit sale unpaid balances:

(1) official fees and taxes;

(2) charges for insurance as described in paragraph (b);

(3) with respect to a loan or credit sale contract secured by real estate, the following
"closing costs," if they are bona fide, reasonable in amount, and not for the purpose of
circumvention or evasion of this section:

(i) fees or premiums for title examination, abstract of title, title insurance, surveys,
or similar purposes;

(ii) fees for preparation of a deed, mortgage, settlement statement, or other
documents, if not paid to the financial institution;

(iii) escrows for future payments of taxes, including assessments for improvements,
insurance, and water, sewer, and land rents;

(iv) fees for notarizing deeds and other documents;

(v) appraisal and credit report fees; and

(vi) fees for determining whether any portion of the property is located in a flood
zone and fees for ongoing monitoring of the property to determine changes, if any,
in flood zone status;

(4) a delinquency charge on a payment, including the minimum payment due in
connection with open-end credit, not paid in full on or before the tenth day after its due
date in an amount not to exceed five percent of the amount of the payment or deleted text begin$5.20deleted text endnew text begin $7.80new text end,
whichever is greater;

(5) for a returned check or returned automatic payment withdrawal request, an
amount not in excess of the service charge limitation in section 604.113, except that, on
a loan transaction that is a consumer small loan as defined in section 47.60, subdivision
1
, paragraph (a), in which cash is advanced in exchange for a personal check, the civil
penalty provisions of section 604.113, subdivision 2, paragraph (b), may not be demanded
or assessed against the borrower; and

(6) charges for other benefits, including insurance, conferred on the borrower that
are of a type that is not for credit.

(b) An additional charge may be made for insurance written in connection with the
loan or credit sale contract, which may be included in the principal amount of the loan or
credit sale unpaid balances:

(1) with respect to insurance against loss of or damage to property, or against
liability arising out of the ownership or use of property, if the financial institution furnishes
a clear, conspicuous, and specific statement in writing to the borrower setting forth the
cost of the insurance if obtained from or through the financial institution and stating that
the borrower may choose the person through whom the insurance is to be obtained;

(2) with respect to credit insurance or mortgage insurance providing life, accident,
health, or unemployment coverage, if the insurance coverage is not required by the
financial institution, and this fact is clearly and conspicuously disclosed in writing to
the borrower, and the borrower gives specific, dated, and separately signed affirmative
written indication of the borrower's desire to do so after written disclosure to the borrower
of the cost of the insurance; and

(3) with respect to the vendor's single interest insurance, but only (i) to the extent
that the insurer has no right of subrogation against the borrower; and (ii) to the extent that
the insurance does not duplicate the coverage of other insurance under which loss is
payable to the financial institution as its interest may appear, against loss of or damage
to property for which a separate charge is made to the borrower according to clause (1);
and (iii) if a clear, conspicuous, and specific statement in writing is furnished by the
financial institution to the borrower setting forth the cost of the insurance if obtained from
or through the financial institution and stating that the borrower may choose the person
through whom the insurance is to be obtained.

(c) In addition to the finance charges and other additional charges permitted by
this section, a financial institution may contract for and receive the following additional
charges in connection with open-end credit, which may be included in the principal
amount of the loan or balance upon which the finance charge is computed:

(1) annual charges, not to exceed $50 per annum, payable in advance, for the
privilege of opening and maintaining open-end credit;

(2) charges for the use of an automated teller machine;

(3) charges for any monthly or other periodic payment period in which the borrower
has exceeded or, except for the financial institution's dishonor would have exceeded,
the maximum approved credit limit, in an amount not in excess of the service charge
permitted in section 604.113;

(4) charges for obtaining a cash advance in an amount not to exceed the service
charge permitted in section 604.113; and

(5) charges for check and draft copies and for the replacement of lost or stolen
credit cards.

(d) In addition to the finance charges and other additional charges permitted by this
section, a financial institution may contract for and receive a onetime loan administrative
fee not exceeding $25 in connection with closed-end credit, which may be included
in the principal balance upon which the finance charge is computed. This paragraph
applies only to closed-end credit in an original principal amount of deleted text begin$4,320deleted text end new text begin$6,480 new text endor less.
The determination of an original principal amount must exclude the administrative fee
contracted for and received according to this paragraph.

Sec. 3.

Minnesota Statutes 2012, section 56.12, is amended to read:


56.12 ADVERTISING; TAKING OF SECURITY; PLACE OF BUSINESS.

No licensee shall advertise, print, display, publish, distribute, or broadcast, or cause
or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any
manner any statement or representation with regard to the rates, terms, or conditions for
the lending of money, credit, goods, or things in action which is false, misleading, or
deceptive. The commissioner may order any licensee to desist from any conduct which
the commissioner shall find to be a violation of the foregoing provisions.

The commissioner may require that rates of charge, if stated by a licensee, be stated
fully and clearly in such manner as the commissioner may deem necessary to prevent
misunderstanding thereof by prospective borrowers. In lieu of the disclosure requirements
of this section and section 56.14, a licensee may give the disclosures required by the
federal Truth-in-Lending Act.

A licensee may take a lien upon real estate as security for any loan exceeding deleted text begin$4,320
deleted text endnew text begin $6,480new text end in principal amount made under this chapter. The provisions of sections 47.20 and
47.21 do not apply to loans made under this chapter, except as provided in this section. No
loan secured by a first lien on a borrower's primary residence shall be made pursuant to
this section if the proceeds of the loan are used to finance the purchase of the borrower's
primary residence, unless:

(1) the proceeds of the loan are used to finance the purchase of a manufactured
home or a prefabricated building; or

(2) the proceeds of the loan are used in whole or in part to satisfy the balance owed
on a contract for deed.

If the proceeds of the loan are used to finance the purchase of the borrower's
primary residence, the licensee shall consent to the subsequent transfer of the real estate
if the existing borrower continues after transfer to be obligated for repayment of the
entire remaining indebtedness. The licensee shall release the existing borrower from all
obligations under the loan instruments, if the transferee (1) meets the standards of credit
worthiness normally used by persons in the business of making loans, including but not
limited to the ability of the transferee to make the loan payments and satisfactorily maintain
the property used as collateral, and (2) executes an agreement in writing with the licensee
whereby the transferee assumes the obligations of the existing borrower under the loan
instruments. Any such agreement shall not affect the priority, validity or enforceability
of any loan instrument. A licensee may charge a fee not in excess of one-tenth of one
percent of the remaining unpaid principal balance in the event the loan is assumed by
the transferee and the existing borrower continues after the transfer to be obligated for
repayment of the entire assumed indebtedness. A licensee may charge a fee not in excess
of one percent of the remaining unpaid principal balance in the event the remaining
indebtedness is assumed by the transferee and the existing borrower is released from all
obligations under the loan instruments, but in no event shall the fee exceed deleted text begin$240deleted text endnew text begin $360new text end.

A licensee making a loan under this chapter secured by a lien on real estate shall
comply with the requirements of section 47.20, subdivision 8.

No licensee shall conduct the business of making loans under this chapter within any
office, room, or place of business in which any other business is solicited or engaged in,
or in association or conjunction therewith, if the commissioner finds that the character
of the other business is such that it would facilitate evasions of this chapter or of the
rules lawfully made hereunder. The commissioner may promulgate rules dealing with
such other businesses.

No licensee shall transact the business or make any loan provided for by this chapter
under any other name or at any other place of business than that named in the license. No
licensee shall take any confession of judgment or any power of attorney. No licensee shall
take any note or promise to pay that does not accurately disclose the principal amount
of the loan, the time for which it is made, and the agreed rate or amount of charge, nor
any instrument in which blanks are left to be filled in after execution. Nothing herein is
deemed to prohibit the making of loans by mail or arranging for settlement and closing
of real estate secured loans by an unrelated qualified closing agent at a location other
than the licensed location.

Sec. 4.

Minnesota Statutes 2012, section 56.125, subdivision 2, is amended to read:


Subd. 2.

Real estate as security.

A licensee may take a lien upon real estate as
security for any open-end loan at or after such time as the outstanding balance first exceeds
deleted text begin$4,320deleted text endnew text begin $6,480new text end. A subsequent reduction in the balance below deleted text begin$4,320deleted text end new text begin$6,480 new text endhas no effect
on the lien. A licensee may retain the security interest until it terminates the open-end
account. If there is no outstanding balance in the account and there is no commitment by
the licensee to a line of credit in excess of deleted text begin$4,320deleted text endnew text begin $6,480new text end, the licensee shall, within 20
days following written demand by the borrower, deliver to the borrower a release of the
mortgage on any real property taken as security for the open-end loan agreement. A real
estate mortgage authorized for a financial institution secures all advances and obligations
thereunder from the date of recording.

Sec. 5.

Minnesota Statutes 2012, section 56.131, subdivision 2, is amended to read:


Subd. 2.

Additional charges.

In addition to the charges provided for by this section
and section 56.155, and notwithstanding section 47.59, subdivision 6, to the contrary, no
further or other amount whatsoever, shall be directly or indirectly charged, contracted for,
or received for the loan made, except actual out of pocket expenses of the licensee to
realize on a security after default, and except for the following additional charges which
may be included in the principal amount of the loan:

(a) lawful fees and taxes paid to any public officer to record, file, or release security;

(b) with respect to a loan secured by an interest in real estate, the following closing
costs, if they are bona fide, reasonable in amount, and not for the purpose of circumvention
or evasion of this section; provided the costs do not exceed one percent of the principal
amount or deleted text begin$400deleted text endnew text begin $600new text end, whichever is greater:

(1) fees or premiums for title examination, abstract of title, title insurance, surveys,
or similar purposes;

(2) fees, if not paid to the licensee, an employee of the licensee, or a person related
to the licensee, for preparation of a mortgage, settlement statement, or other documents,
fees for notarizing mortgages and other documents, and appraisal fees;

(c) the premium for insurance in lieu of perfecting and releasing a security interest to
the extent that the premium does not exceed the fees described in paragraph (a);

(d) discount points and appraisal fees may not be included in the principal amount of
a loan secured by an interest in real estate when the loan is a refinancing for the purpose of
bringing the refinanced loan current and is made within 24 months of the original date of
the refinanced loan. For purposes of this paragraph, a refinancing is not considered to be for
the purpose of bringing the refinanced loan current if new funds advanced to the customer,
not including closing costs or delinquent installments, exceed deleted text begin$1,000deleted text endnew text begin $1,500new text end;new text begin and
new text end

(e) the onetime loan administrative fee in section 47.59, subdivision 6, paragraph (d).

Sec. 6.

Minnesota Statutes 2012, section 56.131, subdivision 6, is amended to read:


Subd. 6.

Discount points.

A loan made under this section that is secured by real
estate and that is in a principal amount of deleted text begin$12,000deleted text end new text begin$18,000 new text endor more and has a maturity
of 60 months or more may contain a provision permitting discount points, if the loan
does not provide a loan yield in excess of the maximum rate of interest permitted by this
section. Loan yield means the annual rate of return obtained by a licensee computed as
the annual percentage rate is computed under Federal Regulation Z. If the loan is prepaid
in full, the licensee must make a refund to the borrower to the extent that the loan yield
will exceed the maximum rate of interest provided by this section when the prepayment is
taken into account. Discount points permitted by this subdivision and not collected but
included in the principal amount must not be included in the amount on which credit
insurance premiums are calculated and charged.

Sec. 7.

Minnesota Statutes 2012, section 325G.22, subdivision 1, is amended to read:


Subdivision 1.

Personal liability of buyer limited.

If the seller or lender
repossesses or voluntarily accepts surrender of personal property in which the seller or
lender has a security interest arising out of a consumer credit transaction and the aggregate
amount of the credit extended in the transaction was deleted text begin$3,000deleted text endnew text begin $6,900new text end or less, the buyer is not
personally liable to the seller or lender for the unpaid balance of the debt arising from the
consumer credit transaction, and the seller or lender is not obligated to resell the collateral.

Sec. 8.

Minnesota Statutes 2012, section 510.02, subdivision 1, is amended to read:


Subdivision 1.

Exemption.

The homestead may include any quantity of land not
exceeding 160 acres. The exemption per homestead, whether the exemption is claimed
by one or more debtors, may not exceed deleted text begin$300,000deleted text end new text begin$390,000 new text endor, if the homestead is used
primarily for agricultural purposes, deleted text begin$750,000deleted text endnew text begin $975,000new text end, exclusive of the limitations set
forth in section 510.05.

Sec. 9.

Minnesota Statutes 2012, section 550.37, subdivision 4, is amended to read:


Subd. 4.

Personal goods.

(a) All wearing apparel, one watch, utensils, and
foodstuffs of the debtor and the debtor's family.

(b) Household furniture, household appliances, phonographs, radio and television
receivers of the debtor and the debtor's family, not exceeding deleted text begin$4,500deleted text end new text begin$10,350 new text endin value.

(c) The debtor's aggregate interest, not exceeding deleted text begin$1,225deleted text end new text begin$2,817.50 new text endin value, in
wedding rings or other religious or culturally recognized symbols of marriage exchanged
between the debtor and spouse at the time of the marriage and in the debtor's possession.

The exemption provided by this subdivision may not be waived except with regard
to purchase money security interests. Except for a pawnbroker's possessory lien, a
nonpurchase money security interest in the property exempt under this subdivision is void.

If a debtor has property of the type which would qualify for the exemption under
clause (b), of a value in excess of deleted text begin$4,500deleted text end new text begin$10,350 new text endan itemized list of the exempt property,
together with the value of each item listed, shall be attached to the security agreement
at the time a security interest is taken, and a creditor may take a nonpurchase money
security interest in the excess over deleted text begin$4,500deleted text end new text begin$10,350 new text endby requiring the debtor to select the
exemption in writing at the time the loan is made.

Sec. 10.

Minnesota Statutes 2012, section 550.37, subdivision 4a, is amended to read:


Subd. 4a.

Adjustment of dollar amounts.

(a) Except for subdivisions 5 and 7, the
dollar amounts in this section shall change periodically as provided in this subdivision to
the extent of changes in the implicit price deflator for the gross deleted text beginnationaldeleted text end new text begindomestic new text endproduct,
deleted text begin1972deleted text endnew text begin 2005new text end = 100, compiled by the United States Department of Commerce, and hereafter
referred to as the index. The index for December deleted text begin1980deleted text end new text begin2011 new text endis the reference base index.

(b) The designated dollar amounts shall change on July 1 of each even-numbered
year if the percentage of change, calculated to the nearest whole percentage point, between
the index for December of the preceding year and the reference base index is ten percent
or more. The portion of the percentage change in the index in excess of a multiple of ten
percent shall be disregarded and the dollar amounts shall change only in multiples of ten
percent of the amounts stated in this section.

(c) If the index is revised, the percentage of change pursuant to this section shall
be calculated on the basis of the revised index. If a revision of the index changes the
reference base index, a revised reference base index shall be determined by multiplying the
reference base index then applicable by the rebasing factor furnished by the Department
of Commerce. If the index is superseded, the index referred to in this section is the one
represented by the Department of Commerce as reflecting most accurately changes in the
purchasing power of the dollar for consumers.

(d) The commissioner of commerce shall deleted text beginannounce and publishdeleted text end:

(1) new text beginannounce and publish new text endon or before April 30 of each year in which dollar amounts
are to change, the changes in dollar amounts required by paragraph (b); deleted text beginand
deleted text end

(2) new text beginannounce and publish new text endpromptly after the changes occur, changes in the index
required by paragraph (c) including, if applicable, the numerical equivalent of the
reference base index under a revised reference base index and the designation or title
of any index superseding the indexdeleted text begin.deleted text endnew text begin; and
new text end

new text begin (3) promptly notify the revisor of statutes in writing of the changes announced and
published by the commissioner pursuant to clauses (1) and (2). The revisor shall publish
the changes in the next edition of Minnesota Statutes.
new text end

(e) A person does not violate this chapter with respect to a transaction otherwise
complying with this chapter if the person relies on dollar amounts either determined
according to paragraph (b) or appearing in the last publication of the commissioner
announcing the then current dollar amounts.

Sec. 11.

Minnesota Statutes 2012, section 550.37, subdivision 6, is amended to read:


Subd. 6.

Tools of trade.

The tools, implements, machines, instruments, office
furniture, stock in trade, and library reasonably necessary in the trade, business, or
profession of the debtor, not exceeding deleted text begin$5,000deleted text end new text begin$11,500 new text endin value.

Sec. 12.

Minnesota Statutes 2012, section 550.37, subdivision 10, is amended to read:


Subd. 10.

Insurance proceeds.

All money received by, or payable to, a surviving
spouse or child from insurance payable at the death of a spouse, or parent, not exceeding
deleted text begin$20,000deleted text endnew text begin $46,000new text end. The deleted text begin$20,000deleted text endnew text begin $46,000new text end exemption provided by this subdivision shall be
increased by deleted text begin$5,000deleted text end new text begin$11,500 new text endfor each dependent of the surviving spouse or child.

Sec. 13.

Minnesota Statutes 2012, section 550.37, subdivision 12a, is amended to read:


Subd. 12a.

Motor vehicles.

One motor vehicle to the extent of a value not
exceeding deleted text begin$2,000deleted text endnew text begin $4,600new text end; or one motor vehicle to the extent of a value not exceeding
deleted text begin$20,000deleted text end new text begin$46,000 new text endthat has been modified, at a cost of not less than deleted text begin$1,500deleted text endnew text begin $3,450new text end, to
accommodate the physical disability making a disabled person eligible for a certificate
authorized by section 169.345.

Sec. 14.

Minnesota Statutes 2012, section 550.37, subdivision 23, is amended to read:


Subd. 23.

Life insurance aggregate interest.

The debtor's aggregate interest not to
exceed in value deleted text begin$4,000deleted text end new text begin$9,200 new text endin any accrued dividend or interest under or loan value of
any unmatured life insurance contract owned by the debtor under which the insured is the
debtor or an individual of whom the debtor is a dependent.

Sec. 15.

Minnesota Statutes 2012, section 550.37, subdivision 24, is amended to read:


Subd. 24.

Employee benefits.

(a) The debtor's right to receive present or future
payments, or payments received by the debtor, under a stock bonus, pension, profit
sharing, annuity, individual retirement account, Roth IRA, individual retirement annuity,
simplified employee pension, or similar plan or contract on account of illness, disability,
death, age, or length of service, to the extent of the debtor's aggregate interest under all
plans and contracts up to a present value of deleted text begin$30,000deleted text end new text begin$69,000 new text endand additional amounts under
all the plans and contracts to the extent reasonably necessary for the support of the debtor
and any spouse or dependent of the debtor.

(b) The exemptions in paragraph (a) do not apply when the debt is owed under a
support order as defined in section 518A.26, subdivision 21.

Sec. 16. new text beginEFFECTIVE DATE.
new text end

new text begin Sections 1 to 15 are effective the day following final enactment.
new text end

ARTICLE 3

COMMERCE AND CONSUMER PROTECTION POLICY

Section 1.

Minnesota Statutes 2012, section 13.712, is amended by adding a
subdivision to read:


new text begin Subd. 4. new text end

new text begin Actuarial data. new text end

new text begin Actuarial reports and related data of the Department of
Commerce are classified under section 60A.1296.
new text end

Sec. 2.

Minnesota Statutes 2012, section 45.0135, is amended to read:


45.0135 deleted text beginDIVISION OF INSURANCEdeleted text endnew text begin COMMERCEnew text end FRAUD deleted text beginPREVENTION
deleted text endnew text begin BUREAUnew text end.

Subd. 2a.

Authorization.

The commissioner may appoint peace officers, as defined
in section 626.84, subdivision 1, paragraph (c), and establish a law enforcement agency, as
defined in section 626.84, subdivision 1, paragraph (f), known as the deleted text beginDivision of Insurance
deleted text end new text beginCommerce new text endFraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end, to conduct investigations, and to make arrests under
sections 629.30 and 629.34. The jurisdiction of the law enforcement agency is limited to
offenses related to insurance fraud.

Subd. 2b.

Duties.

The deleted text beginDivision of Insurancedeleted text endnew text begin Commercenew text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureau
new text end shall:

(1) review notices and reports of insurance fraud submitted by authorized insurers,
their employees, and agents or producers;

(2) respond to notifications or complaints of suspected insurance fraud generated by
other law enforcement agencies, state or federal governmental units, or any other person;

(3) initiate inquiries and conduct investigations when the deleted text begindivisiondeleted text endnew text begin bureaunew text end has reason
to believe that insurance fraud has been or is being committed; and

(4) report incidents of alleged insurance fraud disclosed by its investigations to
appropriate law enforcement agencies, including, but not limited to, the attorney general,
county attorneys, or any other appropriate law enforcement or regulatory agency, and shall
assemble evidence, prepare charges, and otherwise assist any law enforcement authority
having jurisdiction.

Subd. 2c.

Arrests and investigations.

The initial processing of a person arrested
by the deleted text beginDivision of Insurancedeleted text endnew text begin Commercenew text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end for an offense within
its jurisdiction is the responsibility of the deleted text beginDivision of Insurance Fraud Preventiondeleted text endnew text begin bureau
new text end unless otherwise directed by the law enforcement agency with primary jurisdiction.
Subsequent investigation shall be the responsibility of the deleted text beginDivision of Insurance Fraud
Prevention
deleted text endnew text begin bureaunew text end unless otherwise directed by the law enforcement agency with primary
jurisdiction. At the request of the primary jurisdiction, the deleted text beginDivision of Insurance Fraud
Prevention
deleted text endnew text begin bureaunew text end may assist in a subsequent investigation being carried out by the
primary jurisdiction.

Subd. 2d.

Policy for notice of investigations.

The deleted text beginDivision of Insurancedeleted text endnew text begin Commerce
new text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end must develop a policy for notifying the law enforcement agency
with primary jurisdiction when it has initiated investigation of any person within the
jurisdiction of that agency.

Subd. 2e.

Chief law enforcement officer.

The commissioner shall appoint a peace
officer employed full time to be the chief law enforcement officer and to be responsible
for the management of the deleted text beginDivision of Insurancedeleted text endnew text begin Commercenew text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end.
The chief law enforcement officer shall possess the necessary police and management
experience to manage a law enforcement agency. The chief law enforcement officer
may appoint, discipline, and discharge all employees of the deleted text beginDivision of Insurance Fraud
Prevention
deleted text endnew text begin bureaunew text end. All police managerial and supervisory personnel must be full-time
employees of the deleted text beginDivision of Insurance Fraud Preventiondeleted text endnew text begin bureaunew text end. Supervisory personnel
must be on duty and available any time peace officers of the deleted text beginDivision of Insurance Fraud
Prevention
deleted text endnew text begin bureaunew text end are on duty.

Subd. 2f.

Compliance.

Except as otherwise provided in this section, the deleted text beginDivision of
Insurance Fraud Prevention
deleted text endnew text begin Commerce Fraud Bureaunew text end shall comply with all statutes and
administrative rules relating to the operation and management of a law enforcement agency.

Subd. 3.

Evidence, documentation, and related materials.

If the deleted text begindivisiondeleted text endnew text begin bureau
new text end seeks evidence, documentation, and related materials pertinent to an investigation, and the
matter is located outside of this state, the deleted text begindivisiondeleted text endnew text begin bureaunew text end may designate representatives,
including officials of the state where the matter is located, to secure the matter or inspect
the matter on its behalf.

Subd. 4.

Confidentiality and immunity.

The provisions of chapter 13, including,
but not limited to, section 13.82, apply to the classification, disclosure, and collection of
data relating to the deleted text beginDivision of Insurancedeleted text endnew text begin Commercenew text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end.

Subd. 5.

Annual report on activities and cost-effectiveness.

The deleted text beginDivision of
Insurance
deleted text endnew text begin Commercenew text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end shall maintain records and information
in order to produce an annual report of its activities as may be prescribed by the
commissioner of commerce. The commissioner shall report annually to the house of
representatives and senate standing committees with jurisdiction over insurance issues
as to the activities of the deleted text begindivisiondeleted text endnew text begin bureaunew text end and the cost-effectiveness of the programs
established by the deleted text begindivisiondeleted text endnew text begin bureaunew text end.

Subd. 6.

Insurance fraud prevention account.

The insurance fraud prevention
account is created in the state treasury. Money received from assessments under subdivision
7 is deposited in the account. Money in this fund is appropriated to the commissioner of
commerce for the purposes specified in this section and sections 60A.951 to 60A.956.

Subd. 7.

Assessment.

Each insurer authorized to sell insurance in the state of
Minnesota, including surplus lines carriers, and having Minnesota earned premium the
previous calendar year shall remit an assessment to the commissioner for deposit in the
insurance fraud prevention account on or before June 1 of each year. The amount of the
assessment shall be based on the insurer's total assets and on the insurer's total written
Minnesota premium, for the preceding fiscal year, as reported pursuant to section 60A.13.
The assessment is calculated to be an amount up to the following:

Total Assets
Assessment
Less than $100,000,000
$
200
$100,000,000 to $1,000,000,000
$
750
Over $1,000,000,000
$
2,000
Minnesota Written Premium
Assessment
Less than $10,000,000
$
200
$10,000,000 to $100,000,000
$
750
Over $100,000,000
$
2,000

For purposes of this subdivision, the following entities are not considered to be
insurers authorized to sell insurance in the state of Minnesota: risk retention groups; or
township mutuals organized under chapter 67A.

Subd. 8.

Investigations; health-related boards.

(a) The deleted text beginDivision of Insurance
deleted text endnew text begin Commercenew text end Fraud deleted text beginPreventiondeleted text endnew text begin Bureaunew text end may consult with the appropriate health-related board
when a licensee, licensed under chapter 144E, 147, 148, 148B, or 150A, is suspected
of insurance fraud.

(b) The deleted text begindivisiondeleted text endnew text begin bureaunew text end shall, for any conviction involving or related to insurance,
send copies of all public data in its possession to the appropriate health-related licensing
board.

Sec. 3.

Minnesota Statutes 2012, section 45.027, subdivision 2, is amended to read:


Subd. 2.

Power to compel production of evidence.

For the purpose of any
investigation, hearing, proceeding, or inquiry related to the duties and responsibilities
entrusted to the commissioner, the commissioner or a designated representative may
administer oaths and affirmations, subpoena witnesses, compel their attendance, take
evidence, and require the production of books, papers, correspondence, memoranda,
agreements, or other documents or records that the commissioner considers relevant
or material to the inquiry.

new text begin A subpoena issued pursuant to this subdivision must state that the person to whom
the subpoena is directed may not disclose the fact that the subpoena was issued or the fact
that the requested records have been given to law enforcement personnel except:
new text end

new text begin (1) insofar as the disclosure is necessary to find and disclose the records; or
new text end

new text begin (2) pursuant to court order.
new text end

Sec. 4.

Minnesota Statutes 2012, section 45.307, is amended to read:


45.307 EDUCATION PROVIDER.

new text begin Subdivision 1. new text end

new text begin Duty to make records and data available to commissioner. new text end

A
person applying for approval as an education provider must make available upon request
such records and data required by the commissioner to administer the provisions and
further the purposes of this chapter.

new text begin Subd. 2. new text end

new text begin Responsibility for actions of coordinators and instructors. new text end

new text begin An
education provider is responsible for any actions taken by one or more of its coordinators
or instructors in the course of performing activities associated with license education
courses provided under this chapter.
new text end

new text begin Subd. 3. new text end

new text begin Responsibility for approval of coordinator. new text end

new text begin An education provider
must ensure that an individual acting as a coordinator on its behalf under this chapter has
received prior approval from the commissioner to act as a coordinator.
new text end

Sec. 5.

Minnesota Statutes 2012, section 45.43, is amended to read:


45.43 REPORTING REQUIREMENTS.

new text begin Subdivision 1. new text end

new text begin Course completions. new text end

Required education must be reported in a
manner prescribed by the commissioner within ten days of the course completion.

new text begin Subd. 2. new text end

new text begin Violations and penalties. new text end

new text begin (a) Each failure to report an individual licensee's
course completion in the manner prescribed by subdivision 1 constitutes a separate
violation.
new text end

new text begin (b) The commissioner may impose a civil penalty not to exceed $500 per violation
upon an education provider that violates subdivision 1.
new text end

Sec. 6.

new text begin [60A.1295] ACTUARIAL OPINION OF RESERVES AND SUPPORTING
DOCUMENTATION.
new text end

new text begin Subdivision 1. new text end

new text begin Statement of actuarial opinion. new text end

new text begin Every property and casualty
insurance company doing business in this state, unless otherwise exempted by the
domiciliary commissioner, shall annually submit the opinion of an appointed actuary
entitled "Statement of Actuarial Opinion." This opinion must be filed in accordance with
the appropriate National Association of Insurance Commissioners (NAIC) Property and
Casualty Annual Statement Instructions.
new text end

new text begin Subd. 2. new text end

new text begin Actuarial opinion summary. new text end

new text begin (a) Every property and casualty insurance
company domiciled in this state that is required to submit a statement of actuarial opinion
shall annually submit an actuarial opinion summary, written by the company's appointed
actuary. This actuarial opinion summary must be filed in accordance with the appropriate
NAIC Property and Casualty Annual Statement Instructions and must be considered as a
document supporting the actuarial opinion required in subdivision 1.
new text end

new text begin (b) A company licensed but not domiciled in this state shall provide the actuarial
opinion summary upon request.
new text end

new text begin Subd. 3. new text end

new text begin Actuarial report and workpapers. new text end

new text begin (a) An actuarial report and its
underlying workpapers as required by the appropriate NAIC Property and Casualty
Annual Statement Instructions must be prepared to support each actuarial opinion.
new text end

new text begin (b) If the insurance company fails to provide a supporting actuarial report and/or
workpapers at the request of the commissioner or the commissioner determines that
the supporting actuarial report or workpapers provided by the insurance company are
otherwise unacceptable to the commissioner, the commissioner may engage a qualified
actuary at the expense of the company to review the opinion and the basis for the opinion
and prepare the supporting actuarial report or workpapers.
new text end

new text begin Subd. 4. new text end

new text begin Liability. new text end

new text begin The appointed actuary shall not be liable for damages to any
person, other than the insurance company and the commissioner, for any act, error,
omission, decision, or conduct with respect to the actuary's opinion, except in cases of
fraud or willful misconduct on the part of the appointed actuary.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective December 31, 2013.
new text end

Sec. 7.

new text begin [60A.1296] CONFIDENTIALITY.
new text end

new text begin Subdivision 1. new text end

new text begin Actuarial opinion; public document. new text end

new text begin The statement of actuarial
opinion must be provided with the annual statement in accordance with the appropriate
National Association of Insurance Commissioners (NAIC) Property and Casualty Annual
Statement Instructions and must be treated as a public document.
new text end

new text begin Subd. 2. new text end

new text begin Supporting materials; confidential and privileged. new text end

new text begin (a) Documents,
materials, or other information in the possession or control of the Department of
Commerce that are considered an actuarial report, workpapers, or actuarial opinion
summary provided in support of the opinion, and any other material provided by the
company to the commissioner in connection with the actuarial report, workpapers, or
actuarial opinion summary, are confidential data on individuals or protected nonpublic
data as defined in section 13.02, shall not be subject to subpoena, and shall not be subject
to discovery or admissible in evidence in any private civil action.
new text end

new text begin (b) This provision shall not be construed to limit the commissioner's authority to:
new text end

new text begin (1) release the documents to the Actuarial Board for Counseling and Discipline
(ABCD) so long as the material is required for the purpose of professional disciplinary
proceedings and the ABCD establishes procedures satisfactory to the commissioner for
preserving the confidentiality of the documents; or
new text end

new text begin (2) use the documents, materials, or other information in furtherance of any
regulatory or legal action brought as part of the commissioner's official duties.
new text end

new text begin Subd. 3. new text end

new text begin Protections. new text end

new text begin Neither the commissioner nor any person who received
the documents, materials, or other information while acting under the authority of
the commissioner shall be permitted or required to testify in any private civil action
concerning any confidential documents, materials, or information subject to subdivision 2.
new text end

new text begin Subd. 4. new text end

new text begin Exceptions. new text end

new text begin In order to assist in the performance of the commissioner's
duties, the commissioner:
new text end

new text begin (1) may share documents, materials, or other information, including the confidential
and privileged documents, materials, or information subject to subdivision 2 with other
state, federal, and international regulatory agencies; with the NAIC and its affiliates
and subsidiaries; and with state, federal, and international law enforcement authorities,
provided that the recipient agrees to maintain the confidentiality and privileged status
of the document, material, or other information and has the legal authority to maintain
confidentiality;
new text end

new text begin (2) may receive documents, materials, or information, including otherwise
confidential and privileged documents, materials, or information, from NAIC and its
affiliates and subsidiaries, and from regulatory and law enforcement officials of other
foreign or domestic jurisdictions, and shall maintain as confidential or privileged any
document, material, or information received with notice or the understanding that it is
confidential or privileged under the laws of the jurisdiction that is the source of the
document, material, or information; and
new text end

new text begin (3) may enter into agreements governing sharing and use of information consistent
with subdivisions 2 to 4.
new text end

new text begin Subd. 5. new text end

new text begin Nonwaiver. new text end

new text begin No waiver of applicable privilege or claim of confidentiality
in the documents, materials, or information shall occur as a result of disclosure to the
commissioner under this section or as a result of sharing as authorized in subdivision 4.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective December 31, 2013.
new text end

Sec. 8.

Minnesota Statutes 2012, section 60A.62, subdivision 1, is amended to read:


Subdivision 1.

Definition.

"Company action level event" means any of the
following events:

(1) the filing of a risk-based capital report by an insurer which indicates that:

(i) the insurer's total adjusted capital is greater than or equal to its regulatory action
level risk-based capital but less than its company action level risk-based capital; deleted text beginor
deleted text end

(ii) if a life and/or health insurer, the insurer has total adjusted capital that is greater
than or equal to its company action level risk-based capital but less than the product of its
authorized control level risk-based capital and deleted text begin2.5deleted text endnew text begin 3.0new text end and has a negative trend;new text begin or
new text end

new text begin (iii) if a property and casualty insurer, the insurer has total adjusted capital which
is greater than or equal to its company action level risk-based capital but less than the
product of its authorized control level risk-based capital and 3.0 and triggers the trend
test determined in accordance with the trend test calculation included in the property
and casualty risk-based capital instructions;
new text end

(2) the notification by the commissioner to the insurer of an adjusted risk-based
capital report that indicates an event in clause (1), provided the insurer does not challenge
the adjusted risk-based report under section 60A.66; or

(3) if, pursuant to section 60A.66, an insurer challenges an adjusted risk-based
capital report that indicates the event in clause (1), the notification by the commissioner to
the insurer that the commissioner has, after a hearing, rejected the insurer's challenge.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective December 31, 2013.
new text end

Sec. 9.

Minnesota Statutes 2012, section 82B.08, is amended by adding a subdivision
to read:


new text begin Subd. 2a. new text end

new text begin Criminal history record check; fingerprints. new text end

new text begin (a) An applicant for a
license must:
new text end

new text begin (1) consent to a criminal history record check;
new text end

new text begin (2) submit a fingerprint card in a form acceptable to the commissioner; and
new text end

new text begin (3) pay the fee required to perform criminal history record checks with the Minnesota
Bureau of Criminal Apprehension and the Federal Bureau of Investigation.
new text end

new text begin (b) The commissioner may contract for the collection and transmission of
fingerprints required under this chapter and may order the fee for collecting and
transmitting fingerprints to be payable directly to the contractor by the applicant. The
commissioner may agree to a reasonable fingerprinting fee to be charged by the contractor.
new text end

new text begin (c) The commissioner shall submit the applicant's fingerprints, consent, and
the required fee to the superintendent of the Bureau of Criminal Apprehension. The
superintendent shall perform a check of the state criminal history repository and is
authorized to exchange the applicant's fingerprints with the Federal Bureau of Investigation
to obtain the national criminal history record. The superintendent shall return the results
of the state and national criminal history records checks to the commissioner.
new text end

new text begin (d) This subdivision applies to an applicant for an initial license or a renewal license.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2015, and applies to
persons applying for a license pursuant to Minnesota Statutes, chapter 82B, on or after that
date who were not previously fingerprinted in compliance with the terms of this subdivision.
new text end

Sec. 10.

Minnesota Statutes 2012, section 82B.094, is amended to read:


82B.094 SUPERVISION OF TRAINEE REAL PROPERTY APPRAISERS.

(a) A certified residential real property appraiser or a certified general real property
appraiser, in good standing, may engage a trainee real property appraiser to assist in the
performance of real estate appraisals, provided that the certified residential real property
appraiser or a certified general real property appraiser:

(1) new text beginhas been licensed in good standing as either a certified residential real property
appraiser or a certified general real property appraiser for a total of at least three years;
new text end

new text begin (2) has completed a course that is specifically oriented to the requirements and
responsibilities of supervisory appraisers and trainee appraisers;
new text end

new text begin (3) new text endhas not been the subject of any license or certificate suspension or revocation or
has not been prohibited from supervising activities in this state or any other state within
the previous two years;

deleted text begin (2)deleted text endnew text begin (4)new text end has no more than three trainee real property appraisers working under
supervision at any one time;

deleted text begin (3)deleted text endnew text begin (5)new text end actively and personally supervises the trainee real property appraiser, which
includes ensuring that research of general and specific data has been adequately conducted
and properly reported, application of appraisal principles and methodologies has been
properly applied, that the analysis is sound and adequately reported, and that any analyses,
opinions, or conclusions are adequately developed and reported so that the appraisal
report is not misleading;

deleted text begin (4)deleted text endnew text begin (6)new text end discusses with the trainee real property appraiser any necessary and
appropriate changes that are made to a report, involving any trainee appraiser, before it is
transmitted to the client. Changes not discussed with the trainee real property appraiser
that are made by the supervising appraiser must be provided in writing to the trainee real
property appraiser upon completion of the appraisal report;

deleted text begin (5)deleted text endnew text begin (7)new text end accompanies the trainee real property appraiser on the inspections of the
subject properties and drive-by inspections of the comparable sales on all appraisal
assignments for which the trainee will perform work until the trainee appraiser is
determined to be competent, in accordance with the competency rule of USPAP for the
property type;

deleted text begin (6)deleted text endnew text begin (8)new text end accepts full responsibility for the appraisal report by signing and certifying
that the report complies with USPAP; and

deleted text begin (7)deleted text endnew text begin (9)new text end reviews and signs the trainee real property appraiser's appraisal report or
reports or if the trainee appraiser is not signing the report, states in the appraisal the name
of the trainee and scope of the trainee's significant contribution to the report.

(b) The supervising appraiser must review and sign the applicable experience log
required to be kept by the trainee real property appraiser.

(c) The supervising appraiser must notify the commissioner within ten days when
the supervision of a trainee real property appraiser has terminated or when the trainee
appraiser is no longer under the supervision of the supervising appraiser.

(d) The supervising appraiser must maintain a separate work file for each appraisal
assignment.

(e) The supervising appraiser must verify that any trainee real property appraiser that
is subject to supervision is properly licensed and in good standing with the commissioner.

Sec. 11.

Minnesota Statutes 2012, section 82B.095, subdivision 2, is amended to read:


Subd. 2.

deleted text beginComponents on or after January 1, 2009deleted text endnew text begin Conformance to Appraiser
Qualifications Board criteria
new text end.

deleted text begin (a) On or after January 1, 2009, an applicant for a class
of license must document that the applicant has met the education, experience, and
examination components in effect after January 1, 2008.
deleted text end

deleted text begin (b)deleted text end Qualifications for all levels of licensing must conform to the Real Property
Qualification Criteria established by the Appraisal Qualifications Board for implementation
effective January 1, deleted text begin2008deleted text endnew text begin 2015new text end.

Sec. 12.

Minnesota Statutes 2012, section 82B.10, subdivision 1, is amended to read:


Subdivision 1.

Generally.

(a) An applicant for a license must pass an examination
conducted by the commissioner. The examinations must be of sufficient scope to establish
the competency of the applicant to act as a real estate appraiser and must conform
with the current National Uniform Exam Content Outlines published by the Appraiser
Qualifications Board.

(b) A passing grade for a real estate appraiser licensing examination must be the cut
score defined by the Appraiser Qualifications Board criteria.

(c) To qualify for a license as a trainee real property appraiser, an applicant must
pass a current trainee real property appraiser examination. The examination must test the
applicant's knowledge of appraisal terms, principles, theories, and ethics as provided
in this chapter.

(d) To qualify for a license as a licensed real property appraiser, an applicant must
pass a current uniform licensed real property appraiser examination approved by the
Appraiser Qualifications Board. The examination must test the applicant's knowledge of
appraisal terms, principles, theories, and ethics as provided in this chapter.

(e) To qualify for a license as a certified residential real property appraiser, an
applicant must pass a current uniform certified residential real property appraiser
examination approved by the Appraiser Qualifications Board. The examination must test
the applicant's knowledge of appraisal terms, principles, theories, and ethics as provided
in this chapter.

(f) To qualify for a license as a certified general real property appraiser, an applicant
must pass a current uniform certified general real property appraiser examination approved
by the Appraiser Qualifications Board. The examination must test the applicant's
knowledge of appraisal terms, principles, theories, and ethics as provided in this chapter.

new text begin (g) An applicant must complete the applicable education prerequisites in section
82B.13 and the experience requirements in section 82B.14 before the applicant takes the
examination required under this section.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2015, and applies to an
applicant for a license on or after that date.
new text end

Sec. 13.

Minnesota Statutes 2012, section 82B.13, subdivision 1, is amended to read:


Subdivision 1.

Trainee real property appraiser deleted text beginor licensed real property
appraiser
deleted text end.

new text begin(a) new text endAs a prerequisite for licensing as a trainee real property appraiser deleted text beginor
licensed real property appraiser
deleted text end, an applicant must present evidence satisfactory to the
commissioner that the person has successfully completednew text begin:
new text end

new text begin (1)new text end at least deleted text begin90 classroomdeleted text endnew text begin 75new text end hours of prelicense coursesnew text begin approved by the
commissioner
new text end. deleted text beginThe courses must consistdeleted text endnew text begin Fifteennew text end ofnew text begin thenew text end 75 hours new text beginmust include successful
completion
new text endof deleted text begingeneral real estate appraisal principles anddeleted text end the 15-hour national USPAP
coursenew text begin; and
new text end

new text begin (2) in addition to the required hours under clause (1), a course that is specifically
oriented to the requirements and responsibilities of supervisory appraisers and trainee
appraisers
new text end.

deleted text begin (a) After January 1, 2008, a trainee real property appraiser applicant must present
evidence satisfactory to the commissioner that the person has successfully completed at
least 75 hours of prelicense courses approved by the commissioner.
deleted text end

(b) deleted text beginAfter January 1, 2008, a licensed real property appraiser applicant must present
evidence satisfactory to the commissioner that the person has successfully completed
at least 150 hours of prelicense courses approved by the commissioner
deleted text endnew text begin All qualifying
education must be completed within the five-year period prior to the date of submission of
a trainee real property appraiser license application
new text end.

Sec. 14.

Minnesota Statutes 2012, section 82B.13, is amended by adding a subdivision
to read:


new text begin Subd. 1a. new text end

new text begin Licensed real property appraiser. new text end

new text begin As a prerequisite for licensing as a
licensed real property appraiser, an applicant must present evidence satisfactory to the
commissioner that the person has successfully completed:
new text end

new text begin (1) at least 150 hours of prelicense courses approved by the commissioner. The
courses must consist of 75 hours of general real estate appraisal principles and the 15-hour
national USPAP course; and
new text end

new text begin (2) an associate degree or higher from an accredited college or university. In lieu of
the required degree, the applicant may present satisfactory documentation of successful
completion of 30 semester credit hours of instruction from an accredited college or
university.
new text end

Sec. 15.

Minnesota Statutes 2012, section 82B.13, subdivision 4, is amended to read:


Subd. 4.

Certified residential real property appraiser.

As a prerequisite for
licensing as a certified residential real property appraiser, an applicant must present
evidence satisfactory to the commissioner that the person has successfully completednew text begin:
new text end

new text begin (1)new text end at least deleted text begin120 classroomdeleted text endnew text begin 200new text end hours of prelicense coursesnew text begin approved by the
commissioner
new text end, with particular emphasis on the appraisal of one to four unit residential
properties. Fifteen of the deleted text begin120deleted text endnew text begin 200new text end hours must include successful completion of the
15-hour national USPAP coursedeleted text begin.deleted text endnew text begin; and
new text end

deleted text begin After January 1, 2008, A certified residential real property appraiser applicant
must present evidence satisfactory to the commissioner that the person has successfully
completed:
deleted text end

deleted text begin (1) 200 hours of prelicense courses approved by the commissioner; and
deleted text end

(2) deleted text beginan associatedeleted text endnew text begin a bachelor'snew text end degree new text beginor higher new text endfrom an accredited college or
university. deleted text beginIn lieu of the required degree the applicant may present satisfactory
documentation of completion of 21 semester credit hours from an accredited college or
university covering the following subject matter courses: English composition; principles
of economics (micro or macro); finance; algebra, geometry, or higher mathematics;
statistics; computer science; and business or real estate law. If an applicant has completed
education requirements before January 1, 2008, no college degree is required.
deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2015, and applies to an
applicant for a license on or after that date.
new text end

Sec. 16.

Minnesota Statutes 2012, section 82B.13, subdivision 5, is amended to read:


Subd. 5.

Certified general real property appraiser.

As a prerequisite for
licensing as a certified general real property appraiser, an applicant must present evidence
satisfactory to the commissioner that the person has successfully completednew text begin:
new text end

new text begin (1)new text end at least deleted text begin180 classroomdeleted text endnew text begin 300new text end hours of prelicense coursesnew text begin approved by the
commissioner
new text end, with particular emphasis on the appraisal of nonresidential properties.
Fifteen of the deleted text begin180deleted text endnew text begin 300new text end hours must include successful completion of the 15-hour national
USPAP coursedeleted text begin.deleted text endnew text begin; and
new text end

deleted text begin After January 1, 2008, A certified general real property appraiser applicant must
present evidence satisfactory to the commissioner that the person has successfully
completed:
deleted text end

deleted text begin (1) 300 hours of prelicense courses approved by the commissioner; and
deleted text end

(2) a bachelor's degree new text beginor higher new text endfrom an accredited college or university. deleted text beginIn lieu of
the required degree the applicant may present satisfactory documentation of completion of
30 semester credit hours from an accredited college or university covering the following
subject matters courses: English composition; micro economics; macro economics;
finance; algebra, geometry, or higher mathematics; statistics; computer science; business
or real estate law; and two elective courses in accounting, geography, ag-economics,
business management, or real estate. If an applicant has complete education requirements
before January 1, 2008, no college degree is required.
deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective January 1, 2015, and applies to an
applicant for a license on or after that date.
new text end

Sec. 17.

Minnesota Statutes 2012, section 82B.13, subdivision 8, is amended to read:


Subd. 8.

Appraiser prelicense education.

new text begin (a) Credit toward the qualifying
education requirements of this section may also be obtained via the completion of a
degree in real estate from an accredited degree-granting college or university approved
by the Association to Advance Collegiate Schools of Business, or a regional or national
accreditation agency recognized by the United States Secretary of Education, provided
that the college or university has had its curriculum reviewed and approved by the
Appraiser Qualifications Board.
new text end

new text begin (b) new text endNotwithstanding section 45.22, a college or university real estate course may be
approved retroactively by the commissioner for appraiser prelicense education credit if:

(1) the course was offered by a college or university physically located in Minnesota;

(2) the college or university was an approved education provider at the time the
course was offered; and

(3) the commissioner's approval is made to the same extent in terms of courses and
hours and with the same time limits as those specified by the Appraiser Qualifications
Board.

Sec. 18.

Minnesota Statutes 2012, section 216.17, subdivision 2, is amended to read:


Subd. 2.

Service of notice, order, or other document from commission.

Service of
all notices, orders, and other documents by the commission may be made by mail, personal
delivery, or electronic service upon any person or firm, or upon the president, general
manager, or other proper executive officer of any corporation interested. If any party has
appeared by attorney, such service must be made upon the attorney. Notwithstanding
section 14.62, orders and decisions may be served by mail, by personal delivery, or by
electronic service. The commission may provide electronic service to any person who has
provided an electronic address to the commission for service purposes. For purposes of this
section, the term "person" includes a natural person or an organization, whether for profit
or not for profit.new text begin Regulated utilities and state agencies must provide an electronic address
for electronic service purposes and must accept electronic service as official service.
new text end

Sec. 19.

Minnesota Statutes 2012, section 216.17, subdivision 4, is amended to read:


Subd. 4.

Service by a party, participant, or other interested person.

When an
applicable statute or commission rule requires service of a filing or other document by a
party, participant, or other interested person upon persons on a service list maintained by the
commission, service may be made by personal delivery, mail, or electronic service, except
that electronic service may only be made upon persons on the official service list who have
previously agreed in writing to accept electronic service at an electronic address provided
to the commission for electronic service purposes. This section does not apply to the extent
another provision of this chapter or chapter 216A requires a specific method of service.
new text begin Regulated utilities and state agencies must provide an electronic address to the commission
for electronic service purposes and agree to accept electronic service as official service.
new text end

Sec. 20.

Minnesota Statutes 2012, section 216B.18, is amended to read:


216B.18 SERVICE OF NOTICE.

Service of notice of all hearings, investigations, and proceedings pending before
the commission and of complaints, reports, orders, and other documents must be
made personally, by electronic service as provided in section 216.17, or by mail as the
commission may direct.new text begin Regulated utilities and state agencies must provide an electronic
address to the commission for electronic service purposes and agree to accept electronic
service as official service.
new text end

Sec. 21.

Minnesota Statutes 2012, section 299C.40, subdivision 1, is amended to read:


Subdivision 1.

Definitions.

(a) The definitions in this subdivision apply to this
section.

(b) "CIBRS" means the Comprehensive Incident-Based Reporting System, located
in the Department of Public Safety and managed by the Bureau of Criminal Apprehension.
A reference in this section to "CIBRS" includes the Bureau of Criminal Apprehension.

(c) "Law enforcement agency" means a Minnesota municipal police department,
the Metropolitan Transit Police, the Metropolitan Airports Police, the University of
Minnesota Police Department, the Department of Corrections Fugitive Apprehension Unit,
a Minnesota county sheriff's department, the Enforcement Division of the Department of
Natural Resources, new text beginthe Commerce Fraud Bureau, new text endthe Bureau of Criminal Apprehension,
or the Minnesota State Patrol.

Sec. 22. new text beginREVISOR INSTRUCTION.
new text end

new text begin Consistent with the name change in section 2, the revisor of statutes shall change
the term "Division of Insurance Fraud Prevention" or similar term to "Commerce Fraud
Bureau" or similar term wherever it appears in Minnesota Statutes and Minnesota Rules.
new text end

Sec. 23. new text begin REPEALER.
new text end

new text begin Subdivision 1. new text end

new text begin Petroleum tank release cleanup; PVC piping at residential
locations.
new text end

new text begin Minnesota Statutes 2012, section 115C.09, subdivision 3k, new text end new text begin is repealed.
new text end

new text begin Subd. 2. new text end

new text begin Agricultural storage tank removal. new text end

new text begin Laws 2000, chapter 488, article
3, section 37,
new text end new text begin is repealed.
new text end

new text begin Subd. 3. new text end

new text begin Prior appraiser qualification requirements. new text end

new text begin Minnesota Statutes 2012,
section 82B.095, subdivision 1,
new text end new text begin is repealed.
new text end